I know it depends on the bank... but any approximate number would be greaaaat!!
2007-06-23 12:36:22 · 5 answers · asked by catphish 4 in Business & Finance ➔ Personal Finance
There are to many variables.
Anything from 0.01 % up to about 11.5% depending on how much you wish to save, what type of savings account you want, if you are prepared to give notice to access your savings and if you are a tax payer or qualify for tax efficient savings.
2007-06-23 12:41:45 · answer #1 · answered by angie 5 · 0⤊ 0⤋
Right now, on passbook savings accounts, you'd be very lucky to get 1%, most banks are lower than that.
You can do much better, maybe 5-6% or more depending on amount and length of time, with a CD if you don't mind tying up your money for a period of time.
2007-06-23 20:05:02 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
As of 6-23-07, my bank's website lists rates from 0.40% to 5.00% depending on your balance. To get the 5%, you need at least $50,000. The site asked for my zip code. I believe that means rates vary by location.
2007-06-23 21:24:17 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Most regular banks pay less than 1/2% on their traditional savings accounts.
2007-06-23 19:42:03 · answer #4 · answered by Brian G 6 · 0⤊ 0⤋
any answer given to ur question may not be correct unless u celar which country u reside in . rates differ from country to country. some countries do pay any interest on savings account and some countries e.g India pay 3.5% pa on the average balance.
2007-06-23 21:15:03 · answer #5 · answered by delta 7 · 0⤊ 0⤋